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      Question

      The Reserve Bank of India was taken over by the

      Government in
      A 1938 Correct Answer Incorrect Answer
      B 1949 Correct Answer Incorrect Answer
      C 1955 Correct Answer Incorrect Answer
      D 1956 Correct Answer Incorrect Answer
      E 1975 Correct Answer Incorrect Answer

      Solution

      In 1949, the Government of India nationalized the Reserve Bank under the Reserve Bank (Transfer of Public Ownership) Act, 1948.

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